Bitfinex Integrates Institutional-Grade Connectivity Module from Market Synergy, Officially Goes Live
According to a recent blogpost released on the official Bitfinex website, the world’s largest Bitcoin exchange platform has officially released its latest institutional-grade connectivity system for commercial use (in conjunction with Swiss-based firm ‘Market Synergy’).
More About The Service
For those not aware of this latest development, Market Synergy has created a specially devised network that will assist Bitfinex’s ‘FIX gateway’ to help provide investors with the ability to access popular crypto-trading pairs around the clock (24*7). Not only that, this new system will also allow Bitfinex to efficiently manage “co-location services for its institutional clients” since it offers them with a constant FIX-based data feed (as well as ISP links to the associated digital asset gateways).
About Market Synergy
Market Synergy is a subsidiary of the FXecosystem Group, a company that provides many big-name firms with a host of connectivity services. At press time, the group already has under its control a “unified point-of-entry to connect to a myriad of FX market participants worldwide”. If that wasn't enough, the company also has streamlined access to its LD4 (London) and NY4 (New York) Meet-Me-Rooms (MMRs).
In regards to this latest partnership, Market Synergy’s CEO James Banister was quoted saying:
“Since we announced our plans to provide institutional standard connectivity for Bitfinex, we have had significant interest from global brokers and hedge funds to connect through our network to Bitfinex’s digital asset gateway. I am delighted that we are going live today and that institutional clients worldwide can benefit from our high performance connectivity to Bitfinex. We can also now offer colocation services to any Bitfinex institutional client.”
Talking with a respected media outlet recently, Bitfinex CTO Paolo Ardoino went on record to say that his company’s partnership with Market Synergy will allow them to forge ahead with their data migration plans. Not only that, Ardoino then also went on to add:
“It has been a considerable undertaking but one we felt was integral to provide a service that matches our ambition and market expectation. We are glad to have been able to collaborate with Market Synergy to provide a solution that promises even greater speed and security across our platforms.”